Shell Midstream Partners LP (NYSE:SHLX) Inventory-to-Revenue

: 0.19 (As of Jun. 2022)

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Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Shell Midstream Partners LP's Average Total Inventories for the quarter that ended in Jun. 2022 was $28.5 Mil. Shell Midstream Partners LP's Revenue for the three months ended in Jun. 2022 was $149.0 Mil. Shell Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.19.

Shell Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Jun. 2022 increased from Mar. 2022 (0.18) to Mar. 2022 (0.19)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shell Midstream Partners LP's Days Inventory for the three months ended in Jun. 2022 was 96.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shell Midstream Partners LP's Inventory Turnover for the quarter that ended in Jun. 2022 was 0.95.

Shell Midstream Partners LP Inventory-to-Revenue Historical Data

The historical data trend for Shell Midstream Partners LP's Inventory-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shell Midstream Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory-to-Revenue

0.03

0.02

0.03

0.02

0.03

Shell Midstream Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Inventory-to-Revenue																0.11	0.14	0.14	0.18	0.19

Competitive Comparison

For the Oil & Gas Midstream subindustry, Shell Midstream Partners LP's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Shell Midstream Partners LP Inventory-to-Revenue Distribution

For the Oil & Gas industry and Energy sector, Shell Midstream Partners LP's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Shell Midstream Partners LP's Inventory-to-Revenue falls in comparison to its industry or sector. The grey bar indicates the Inventory-to-Revenue's extreme value range as defined by GuruFocus.

Shell Midstream Partners LP Inventory-to-Revenue Calculation

Shell Midstream Partners LP's Inventory-to-Revenue for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory-to-Revenue (A: Dec. 2021 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Revenue (A: Dec. 2021 )
=	( (9	+	22)	/	2 )	/	556
=	15.5					/	556
=	0.03

Shell Midstream Partners LP's Inventory-to-Revenue for the quarter that ended in Jun. 2022 is calculated as

	Inventory-to-Revenue (Q: Jun. 2022 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Revenue (Q: Jun. 2022 )
=	( (27	+	30)	/	2 )	/	149
=	28.5					/	149
=	0.19

Shell Midstream Partners LP (NYSE:SHLX) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shell Midstream Partners LP's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	28.5	/	27	*	365 / 4
	=	96.32

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shell Midstream Partners LP's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2022 )	/	Average Total Inventories (Q: Jun. 2022 )
	=	27	/	28.5
	=	0.95

Shell Midstream Partners LP Inventory-to-Revenue Related Terms

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Shell Midstream Partners LP (NYSE:SHLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Midstream Partners LP (NYSE:SHLX) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 North Dairy Ashford Road, A0482-A, Houston, TX, USA, 77079

Website

http://www.shellmidstreampartners.com

Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.

Executives

Sopc Holdings West Llc	10 percent owner	150 N. DAIRY ASHFORD RD., HOUSTON TX 77079
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Gregory T. Mouras	officer: Vice President, Operations	P.O. BOX 61933, NEW ORLEANS LA 70161
Cynthia V. Hablinski	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Sean Guillory	officer: Vice President, Commercial	150 N. DAIRY ASHFORD, HOUSTON TX 77079
David A. Connolly	director	1000 MAIN STREET, LEVEL 12, HOUSTON TX 77002
Stanley Jesse C. H.	officer: Vice President, Operations	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Anne C. Anderson	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
James J Bender	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Nick Arzymanow	officer: Controller	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Brenda Stout	director	150 N. DAIRY ASHFORD ROAD, HOUSTON TX 77079
Curtis R Frasier	director	910 LOUISIANA STREET, HOUSTON TX 77002
Steven Ledbetter	officer: Vice President - Commercial	150 N. DAIRY ASHFORD ROAD, HOUSTON TX 77079
Marcel Teunissen	director	150 N. DAIRY ASHFORD ROAD, HOUSTON TX 77079
Elaine Mccown	officer: Controller	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002